As such the combined business has sales and technical service facilities in China with sales, product development and technical support in Sydney, Australia and Vancouver, Canada. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. The sun is about to get more active than it has for a decade and it could lead to power outages, grounded flights, and stunning auroras. If the currents flood the electrical grid, they can blow up transformers. The goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. The plasma, which is made of charged particles, boils toward the surface, cools down, and sinks back toward the core again. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All other material transaction terms remain unchanged. 100% Clean Energy for California: What SB 100 Means for Distributed Solar, 11 Clever Solar House Designs from the U.S. Department of Energy Solar Decathlon 2017, Decoding the Solar Buyer: Insights from Auroras 2021 Homeowner Research, The Big Book of Solar Software Must-Haves, Raising a Series D to Gear Up For Solars Extraordinary Growth, Sunrise Sessions: Uniting Solar Design and Sales. Granted, radio signals are much less important to basic communications today. We exist to support the worlds transition to solar at scale. NASA spotted a rare polar vortexthis month. This means the sun will produce more solar flares, or powerful bursts of energy. We believe that solar power will dominate the renewable energy field, and our mission is to bring quality and profitability to every customer through superior control of critical . Create a proposal with personalized, permit-quality accuracy with just an address and an electric bill. On November 2, 2022, the Company provided a corporate update regarding the integration of the BTi, Insight and transition plan with a focus on growth and diversification based on a leading systems approach to process control for the solar cell manufacturing derived from the synergies and complimentary products of the combined business. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142681, https://www.newsfilecorp.com/release/142681, UPDATE 1-UK says Ukraine forces under increasingly severe pressure defending Bakhmut, Ukraine Latest: Russian Defense Chief Makes Rare Visit to Troops, In Britain, warm hubs emerge to beat soaring energy costs, INSIGHT-Before fatal collapse, Turkish building had skirted code thanks to Erdogan policy, In Chicago, adapting electric buses to winters challenges. First Name. Take the time you need for the moments that matter. Aurora Solar was named Rising Star Company. We are a remote first team with office options too. Aurora's website is located at www.aurorasolartech.com. Sign up for notifications from Insider! On behalf of the Company, we would like to recognize the contributions of David and his energy and guidance will be missed. Phone: +1 (778) 241 5000 The Aurora and BTi businesses are well placed to take advantage of these market trends. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. We value and celebrate great contributions, but ultimately, it is the outcome that matters. On 4 October 2022, the Company announced that Gordon Deans retired as the President and CEO of the Company; Mr. Deans will remain a member of the Board of Directors of the Company. Forward-looking statements reflect current expectations of management regarding future events and operating performance as of the date of the MD&A. The Company's capital markets strategy is being updated to support organic growth and inorganic opportunities. -, Aurora Solar Technologies Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022. The Company's leadership is evolving following the acquisition of BT Imaging and is the beneficiary of a young, technically smart and motivated team. Aurora's momentum has picked up over the last few years, right alongside solar. Aurora's website is located at www.aurorasolartech.com. Perovskite cells hold promise to enhance photovoltaic deployment in a wide range of applications, such as powering vehicles and boats. The data provided from these measurement products provides the means to perform real time diagnostics, control, and equipment optimization quickly and effectively. Furthermore, this acquisition allows the Company to address PV silicon raw material quality control with an established product line, extend our market from PV cell manufacturing to also include R&D and quality control market segments, and provides geographical diversification. The following information should be read in conjunction with the unaudited Condensed Interim Consolidated Financial Statements of Aurora Solar Technologies Inc. ("the Company", or "Aurora") for the nine and . Aurora Solar Technologies Inc. Mailing Address: 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7: Head Office Address: 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7: Contact Name: Gordon Deans: Principal Regulator: British Columbia: Business e-mail address: info@aurorasolartech.com: Owens said that if the 1859 solar storm were to happen today, we'd be "far more susceptible.". as well as other partner offers and accept our. Aurora Solar Technologies is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. We offer an extensive suite of services from measurement and control planning to system installation and post-installation support and optimization. Gordon continues to support the commercialization of the Company's Insight platform along with the combined business product and market strategy in TSXV - TSXV Real Time Price. We have monthly wellness classes and workshops. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. With each decade, we become more dependent on electrical infrastructure, he said. variations. The sun may be waking up after almost a decade of relative calm, scientists say and that could cause problems on Earth. The address of the Company's corporate and administrative office and principal place of business is #100 - 788 Harbourside Drive, North Vancouver, BC, V7P 3R7. So far, we've been lucky. (www.sedar.com). With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China and partners in all major solar manufacturing markets. products are used by some of the worlds most advanced and respected solar cell manufacturers. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. This business combination is expected to accelerate Aurora's growth by combining BTi's quality control tools with Aurora's InsightTM data science platform. Glassdoor gives you an inside look at what it's like to work at Aurora Solar Technologies, including salaries, reviews, office photos, and more. Aurora Solar Technologies 's ( ACU) Commodity Channel Index (CCI) is -196.40, creating a Buy signal. We want you to get the best possible results from our products. is to bring quality and profitability to every customer through superior measurement, visualization and control of critical processes during solar cell manufacturing. Weve outclassed our competition so you can conquer yours. The only way we can achieve our dreams and goals is by working together. AACTF Aurora Solar Technologies Inc 1,127 $0.0392 $0.0027 (7.40%) Today $0.00 0.00 (0.00%) After Hours Market Cap $8.67M Aurora Solar is a fast growing technology company that enables solar professionals to remotely design and sell solar and storage projects. Leverage your professional network, and get hired. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. One damaged transformer won't cause much of an issue. 1K followers 500+ connections Two Apollo crewed missions narrowly escaped a huge solar storm in August 1972: Apollo 16 had landed back on Earth in April, while Apollo 17 launched in December. We decided to go out to the site and measure the house by hand with the homeowner, and in every instance, Aurora was correct. North Vancouver, British Columbia-- (Newsfile Corp. - October 4, 2022) - The Board of Directors of Aurora Solar Technologies Inc. (TSXV: ACU) ("Aurora", the "Company") announced today that. Let's deliver a new energy experience, one with the simplicity and predictability of a sunrise. As the geomagnetic storm messes with the ionosphere's magnetic charge, it creates currents in the ionosphere. The Company was incorporated under the laws of the Province of British Columbia, Canada on 26 October 2006 as Pulse Capital Corp, a capital pool company. Announces Passing of Board Member, David Robinson, Aurora Solar Technologies Corporate Update Regarding Leadership, Aurora Solar Technologies Inc. Do it for Jared. If you believe there is a better way to do it, speak up! This acquisition broadens the combined business by product and its process control systems capability along with diversifying sales by customer, product and geographic region. Those currents in our upper atmosphere interact with the particles in the ground. HIGHLIGHTS, SIGNIFICANT EVENTS AND TRANSACTIONS DURING THE PERIOD, The Business Acquisition report relating to the acquisition of BT Imaging PTY Ltd. was filed on Sedar on 8 November 2022. The Company will provide further details on the Acquisition and the combined business in a conference call to be held in mid-September co-hosted by Stifel and Aurora. "And they're nearly always there, but they become very much stronger when we've got a geomagnetic storm going on.". Announces Chief Executive Officer Changes, Aurora Solar Technologies Inc. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. The combined business's core expertise in process control and understanding of solar manufacturing techniques, and its ability to collaborate with customers and to attract enabling technologies, places the Company in a strong position to pursue emerging opportunities within North America, Australia and/or Europe. The concurrent non-brokered private placement announced on July 5, 2022 to support this Acquisition has also been completed with net proceeds of $1,146,625 received. They believe that solar power will dominate the renewable energy field, and their mission is to bring quality and profitability to every customer through superior control of critical processes during solar cell manufacturing. This changing industry landscape and the pace of developments presents ongoing opportunities for high-end process control suppliers of measurement and automated diagnostic technologies. BTi was incorporated in 2007 in the State of New South Wales, Australia as a private limited company to commercialize imaging technology originally developed at the University of New South Wales School of Photovoltaic and Renewable Energy Engineering. Can you imagine yourself waking up every morning knowing that youre helping create a more sustainable future? That instability causes havoc in the magnetic fields at the surface of the sun, which become much more active. Software Engineer, Computational Scientist, Product Marketing Manager, Competitive Intelligence. On 7 November 2011, it acquired Aurora Control Technologies Inc. through a reverse takeover and initiated its current business operations. BT Imaging is also diversifying with a recent product sale for a new in-line cell manufacturing application in Europe along with a first sale for a newly developed product regarding perovskite solar cells. Insight analyses the large volume of data available from the sequence of finished solar cells in a production line and reveals the links between unwanted variations in their quality parameters and the controllable factors than can reduce such. The BBC reported that auroras were seen in the southern UK on Sunday night and that more were expected in the coming days. Before you hire a solar panel installation company in Vlez-Mlaga, Andalusia, shop through our network of over 7 local solar panel installation companies. For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com North Vancouver, British Columbia--(Newsfile Corp. - November 2, 2022) - Aurora Solar Technologies Inc. (TSXV: ACU) ("Aurora", the "Company") is pleased to provide an update regarding the integration of the acquisition of BT Imaging, a renewed focus to commercialize the Company's InsightTM data science product and the strategic direction for the united combined business. We can keep accelerating solar growth, together. Currency in CAD. Contact Aurora Solar Technologies. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. The worst solar storm we've seen happened in 1859. All content is posted anonymously by employees working at Aurora Solar Technologies. In Australia, there is strong policy and investment support for solar and renewable energy with UNSW's School of Photovoltaic and Renewable Energy Engineering recognized as a global center of excellence. We value your teammates and the different perspectives they bring and respect, and celebrate our differences. Aurora's and BT Imaging's products are used by some of the world's most advanced and respected solar cell manufacturers. Build because you should, not because you can. Read through customer reviews, check out their past projects and then request a quote from the best solar panel installation companies near you. Claim your Free Employer Profile Website: www.aurorasolartech.com Headquarters: North Vancouver, Canada Size: 51 to 200 Employees Type: Contract Revenue: Unknown / Non-Applicable Competitors: Unknown Aurora Solar Technologies Reviews 5.0 5.0 Former Employee "Great company" The volume and breadth of PV manufacturing have increased dramatically over recent years, right across the industry, and the pace of change is not slowing with new government initiatives recently announced in Australia, North America, and Europe. One of the first decisions made was to combine global sales teams and to wind down Aurora's Chinese operations placing the commercial responsibility for the Insight product with BT Imaging in Sydney and Shanghai under a revised organizational structure. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Auroras momentum has picked up over the last few years, right alongside solar. The total consideration issued by Aurora to BTi shareholders for this Acquisition was 62,969,351 common shares and $1,205,310 in cash. Aurora and BTi together focus on top-tier manufacturers of PV products who value the benefits of integrated measurement and process control systems and who have known capacity expansion plans. Perovskite Cells Perovskite cells are flexible, lightweight, and low-cost solar cells made using perovskite and organic materials. A finders fee of $18,375 was paid and 183,750 finders warrant were issued which are exercisable into common shares at $0.20 for a period of one year. It was important to inject energy and direction to the Insight product with a renewed focus on product readiness and commercial validation. Tons of financial metrics for serious investors. Distributed by Public, unedited and unaltered, on 01 March 2023 22:19:16 UTC. Dont accept the status quojust because it is, doesnt mean it has to be. Many of the global government measures to contain and prevent the further spread of the virus have had a dramatic impact on the global economy in the terms of supply chain constraints resulting in adapted procedures and proactive pricing policies relating to purchasing, productions, sales and deliveries. In context of the Covid-19 pandemic, both BTi and Aurora continue to place a high priority on the health and safety of its employees and their families. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. (, Aurora Solar Technologies Announces Repeat Volume Orders, Aurora Solar Technologies Announces Order from Chinese Solar Cell Manufacturer, By using the ENF website without adjusting your cookies settings, you agree to our use of cookies as described in our, 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7. The Company also announces stock option grants to directors, officers and consultants totaling 3,700,000 options exercisable at $0.11 for a five-year term. Leading solar companies depend on Aurora to outpace the industry. Aurora Solar Technologies Inc. develops and markets inline measurement, visualization and control systems for the photovoltaic manufacturing industry. Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. Get the latest stock price for Aurora Solar Technologies Inc. (ACU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Give your sales team everything they need to close in one call: simple guided workflow, interactive consultations and eSignature to close on the spot. In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe. ENF Solar is a definitive directory of solar companies and products. Even the International Space Station is still under the protection of the ionosphere. Director of Solar Development, Solar Energy Services ; We've had 4 cases where customers didn't agree with the measurements on the Aurora design that we presented virtually. Physicists predict that this cycle will not be the biggest we've ever seen, and we're getting better at spotting storms to be able to prepare for them. Image: Aurora Solar Technologies Inline solar cell measurement equipment specialist Aurora Solar Technologies (AST) has. As the combined company integrates and develops it will be increasingly well placed to diversify its business through its market and product strategy, technology development and value enhancing transactions with an objective to grow beyond market opportunities in China. Aurora Solar Technologies Overview Work Here? That could cause problems for air travel. Baker McKenzie LLP acted as Aurora's legal advisor on this transaction. The Company is pleased to confirm that the business is performing well and is on track to achieve its fiscal June 2022 financial and operational targets including, approximately C$10,000,000 in sales, profitability, and cash flow positive. As these geomagnetic storms crash into the ionosphere, they can make auroras shine big and bright. Aurora Solar's platform uses computer vision to help solar companies rapidly design systems tailored to customers' specific needs. The other primary objective was to achieve alignment among senior leadership by: (i) stabilizing the Aurora business through synergies derived from the BT Imaging acquisition combined with a disciplined approach to Insight's product commercialization; (ii) leveraging available synergies to support growth; and (iii) embracing a broadened product suite and customer base to better position the combined company for diversification. While in Australia, Kevin also met with various new institutional shareholders resulting from the BT Imaging acquisition to reaffirm their support for the combined business and its adapted strategy to drive growth. Certain statements contained in this MD&A may be deemed to be "forward-looking statements". North Vancouver, British Columbia-- (Newsfile Corp. - August 26, 2022) - Aurora Solar Technologies Inc. (TSXV: ACU) (" Aurora ", the " Company ") is pleased to announce that the acquisition of. Move fast and scale your sales and design operations with powerful artificial intelligence. Any financing will be tied to a disciplined approach to deploy capital relative to its market opportunity. BTi develops and markets several material inspection and quality control tools. The Company sends its condolences to David's family and his friends and it will remember to tackle business with enthusiasm, dedication and hard work; the same way as David did in life. We know we can always do better, and we strive to do so every day. On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. As part of the Company's renewed focus, it is now in the process of delivering an important reporting milestone for the existing Insight evaluation project in China which is the basis for negotiating a commercial outcome. Average salaries for Aurora Solar Technologies Director Of Technology: $165,000. As the sun's local magnetic fields get more tangled and crash into each other, they can explode. What are co-workers like at Aurora Solar Technologies. Message. In solar cell research and design applications, conducted in academic, government and industrial laboratories throughout the world, BTi's R series products are used to inspect and characterize wafer materials, examine experimental and pilot production design results, and verify electrical performance for comparison to design objectives. On demand, permit-ready solar plan sets available from Aurora in 24 hours. Aurora's products are used by some of the world's most advanced and respected solar cell manufacturers. So far, astronauts have been lucky. North Vancouver, British Columbia-- (Newsfile Corp. - November 2, 2022) - Aurora Solar Technologies Inc. (TSXV: ACU) (" Aurora ", the " Company ") is pleased to provide an update regarding the. All amounts are expressed in Canadian dollars, unless otherwise indicated. All rights reserved. Radio signals sent from Earth also need to bounce off the ionosphere to get from one point to the other that's less efficient in rough space weather. These so-called solar maximums occur roughly every 11 years, and they haven't been much of a problem in the past. On 11 March 2020, the coronavirus outbreak ("Covid-19") was declared a pandemic by the World Health Organization. BTi's R and W series products are used to verify the material effects of these processes on partially or wholly finished cells. Each Unit consists of one common share of the Company and one share purchase warrant to acquire a common share of the Company at an exercise price of $0.20 for a period of one year. Discover what makes the Aurora platform the most accurate, profitable waytodeliver every stage of the solar product lifecycle. But several industries use radio signals to back up their other communications systems in case of failure. That's when the solar maximum happens. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. In one example, in 1972, US military pilots flying south of Haiphong harbor in North Vietnam saw two dozen sea mines explode in the water without any apparent cause. We can. Finally, it is with deep sadness that the Company reports the passing of David Robinson who was a recent addition to the board. Attaining "Grid Parity" with fossil fuel energy sources is the solar industry's most urgent and important challenge. Currently the majority of the world's solar product manufacturing is conducted by Chinese companies in China and in other locations, primarily in the Southeast Asia region. These forward-looking statements are made as of the date hereof. In the drive to Grid Parity, their unique products, built into the . Aurora Solar Technologies 's ( ACU) Relative Strength Index (RSI) is 35.04, creating a Neutral signal. North Vancouver, British Columbia--(Newsfile Corp. - August 26, 2022) - Aurora Solar Technologies Inc. (TSXV: ACU) ("Aurora", the "Company") is pleased to announce that the acquisition of BT Imaging Pty Ltd. (the "Acquisition") (please refer to the Company's news releases dated March 3, 2022, May 31, 2022, July 5 and July 28, 2022) has been completed effective August 25, 2022 in Vancouver, Canada and August 26, 2022 in Sydney, Australia. They allow process engineers and production-line operators to rapidly detect and correct process excursions, material faults and optimize processes, thereby increasing our customers throughput, yield and profit. how about disabling your ad blocker on ENF? We believe that solar power will be a dominant element in the renewable energy field, and our mission is to bring quality and profitability to every customer through superior control of critical processes during solar cell manufacturing.
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